Secretary of State for International Trade (): On Friday 17 June, we
hosted a UK-Ukraine Infrastructure Summit in London. The Summit,
with Prime Minister of Ukraine, Denys Shmyhal and Minister of
Infrastructure of Ukraine, Olexandr Kubrakov, brought together
Ukrainian Ministers and business leaders for talks on rebuilding
Ukraine after the conflict and ensuring its long-term prosperity.
Discussions identified where UK companies have world-class skills
that can support reconstruction efforts - such as digital
infrastructure, water and sanitation, energy, homes, and
transport.
During the Summit, we signed a Memorandum of Understanding with
Ukraine which set out elements of UK support for reconstruction
efforts and established a joint task force, which will help build
partnerships between UK and Ukrainian businesses to assist the
reconstruction of infrastructure in and around Kyiv.
The task force will support greater collaboration between the
UK’s world-class infrastructure, energy, and transport companies
and Ukrainian public organisations and private sector businesses.
This will help plan for the future as well as repairing damaged
and destroyed infrastructure, including transport systems, homes,
and bridges more efficiently, safely and sustainably.
The UK has already committed to provide a combined economic,
humanitarian, and military support package to Ukraine worth over
$3 billion. UK Export Finance has also pledged to retain its £3.5
billion worth of financial support for trade to Ukraine – helping
the country to fund its reconstruction projects and allowing UK
exporters and Ukrainian buyers to access the finance they need to
trade commercially.
The UK has introduced one of the largest and most severe packages
of economic sanctions against Russia. Measures cover over £4
billion worth of products that are traded with Russia, 1,000
individuals and 100 entities in key sectors such as defence,
crippling Putin’s war machine.
We also announced changes to trade remedy measures relating to
the conflict. This includes reallocating ringfenced market access
for steel imports from Russia and Belarus to other countries,
including Ukraine.
The UK will do everything in its power to support Ukraine’s brave
fight against Russia’s unprovoked invasion and to ensure its
long-term security and prosperity.
